Farther Finance Advisors LLC Has $803,000 Stock Position in Welltower Inc. (NYSE:WELL)

Farther Finance Advisors LLC lifted its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 46.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,209 shares of the real estate investment trust's stock after buying an additional 1,661 shares during the quarter. Farther Finance Advisors LLC's holdings in Welltower were worth $803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Welltower by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after buying an additional 2,612,044 shares in the last quarter. Capital International Investors lifted its holdings in shares of Welltower by 0.9% during the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after buying an additional 318,496 shares in the last quarter. Norges Bank acquired a new stake in shares of Welltower during the fourth quarter worth $3,943,892,000. Bank of America Corp DE lifted its holdings in shares of Welltower by 9.7% during the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock worth $2,357,617,000 after buying an additional 1,652,611 shares in the last quarter. Finally, FMR LLC raised its stake in Welltower by 9.4% in the fourth quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after purchasing an additional 1,354,231 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on WELL shares. Evercore ISI boosted their price target on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Scotiabank boosted their price target on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Bank of America boosted their price target on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $163.25.

Welltower Stock Performance

Welltower stock opened at $152.22 on Friday. Welltower Inc. has a 12-month low of $100.13 and a 12-month high of $158.55. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The business's 50-day moving average price is $148.67 and its two-hundred day moving average price is $142.30. The stock has a market cap of $99.54 billion, a PE ratio of 97.58, a P/E/G ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 earnings per share. As a group, analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is currently 154.02%.

About Welltower

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

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